Bold Tv
@boldtvchannel·3.9K subscribers·1.4K videos
Bitcoin Vs Ethereum: What Are The Main Differences?
Posted
August 11, 2022
Views
26
Likes
1
Engagement
3.85%
August 11, 2022
26
1
3.85%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:15Now PlayingThere are many differences but do you know what they are? Check out the video to find out.
Welcome back to Bold TV with David Grasso. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
What distinguishes the top two cryptocurrencies, Ethereum and Bitcoin?
There is a significant disparity between the two biggest cryptos, and even though the future of cryptocurrencies is still up in the air, many people are still jumping on the hype train in the hopes of scoring a moon shot.
Currently, the value of Bitcoin is approximately $23,000, and the price of Ether is roughly $1600.
One of the main distinctions is that there is a fixed amount of 21 million Bitcoin, of which 18 million are now in circulation. Since there is a finite amount of Bitcoin, it is known as "digital gold" since once it is all mined, there will be no more available unless you purchase it.
Either has a yearly limit of 18 million but has an infinite supply and Ethereum Blockchain is also undergoing a change from proof of work algorithms to proof of stake. Essentially instead of mining, Ethereum will use people who stake their Ether to work as nodes in the network instead of the miners, which is much better for the environment.
This change should reduce Ethereum's energy consumption by 95%.
It uses less energy to create other cryptocurrencies on its network, such as Shiba Inu or NFTs.
Because Bitcoin has no plans to change, miners will still need to remain online to maintain the network and will be compensated with transaction fees rather than additional coins.
Which cryptocurrency do you prefer? Let us know in the comments below.
Make sure to subscribe to Bold TV, and follow us as we keep you up to date on all the latest news.
👇 FOLLOW DAVID GRASSO 👇
Instagram: @grassoroots
Twitter: @grassoroots
Subscribe to BOLD TV
Want to subscribe to our Crypto newsletter? Join here
Are you ready to be BOLD? Check out our favorite articles:
SAY HI ON SOCIAL:
Instagram, Twitter, and Facebook: @boldtv
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
